Understand Personal Finance

Learn personal financial management, budgeting, and investing.

    Category: Banking

    Role of Interest Rate in the World Economy

    Interest rates are a fundamental tool of monetary policy and play a critical role in the global economy.  The decisions made by central banks and other monetary authorities regarding interest rates can have far-reaching impacts on individual economies, financial markets, and even people’s everyday lives.  From affecting the cost of borrowing and lending to influencing